Answered: Indicate with an "X" the financial…

Indicate with an "X" the financial statement column (income statement Dr, balance sheet Cr, etc.) to which each balance should be extended.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet Company.
Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended.
Accumulated Depreciation-Equipment
Account
Depreciation Expense
Common Stock
Dividends
Service Revenue
Supplies
Accounts Payable
Income
Statement
Dr.
X
XV
Cr.
X V
<
Dr.
Balance
Sheet
<
Cr.
XV
x v
X V

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